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A198, R233, S904
STATUS INFORMATION
General Bill
Sponsors: Senator Alexander
Document Path: l:\council\bills\gjk\20843sd04.doc
Companion/Similar bill(s): 4612
Introduced in the Senate on February 3, 2004
Introduced in the House on February 19, 2004
Passed by the General Assembly on April 14, 2004
Governor's Action: April 26, 2004, Signed
Summary: Clemson University, athletic facility revenue bonds
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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2/3/2004 Senate Introduced and read first time SJ-18
2/3/2004 Senate Referred to Committee on Finance SJ-18
2/11/2004 Senate Committee report: Favorable Finance SJ-37
2/12/2004 Senate Read second time SJ-16
2/12/2004 Senate Ordered to third reading with notice of amendments SJ-16
2/18/2004 Senate Read third time and sent to House SJ-17
2/19/2004 House Introduced and read first time HJ-14
2/19/2004 House Referred to Committee on Ways and Means HJ-14
4/1/2004 House Committee report: Favorable Ways and Means HJ-7
4/13/2004 House Read second time HJ-26
4/14/2004 House Read third time and enrolled HJ-23
4/20/2004 Ratified R 233
4/26/2004 Signed By Governor
5/3/2004 Copies available
5/3/2004 Effective date 04/26/04
5/18/2004 Act No. 198
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
(A198, R233, S904)
AN ACT TO AMEND SECTION 59-119-940, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO LIMITATIONS ON THE ISSUANCE OF ATHLETIC FACILITY REVENUE BONDS BY CLEMSON UNIVERSITY, SO AS TO INCREASE FROM FORTY MILLION DOLLARS TO SIXTY MILLION DOLLARS THE MAXIMUM AMOUNT OF THESE BONDS WHICH MAY BE OUTSTANDING AT ANY TIME.
Be it enacted by the General Assembly of the State of South Carolina:
Aggregate amount increased
SECTION 1. Section 59-119-940 of the 1976 Code, as added by Act 144 of 1997, is amended to read:
"Section 59-119-940. Upon receiving the approval of the state board and upon review by the Joint Bond Review Committee, the trustees may from time to time borrow such sums as necessary to accomplish the purpose of this article and to evidence such borrowings by bonds issued pursuant to this article in the aggregate principal amount as they determine, except that other provisions of this article to the contrary notwithstanding, there must not be outstanding at any time bonds issued pursuant to this article in the aggregate principal amount as they determine, except that other provisions of this article to the contrary notwithstanding, there must not be outstanding at any time bonds issued pursuant to this article in excess of sixty million dollars."
Time effective
SECTION 2. This act takes effect upon approval by the Governor.
Ratified the 20th day of April, 2004.
Approved the 26th day of April, 2004.
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